Hello traders!
‼️ This is my perspective on GBPAUD.
Technical analysis: Here we can see that price filled perfectly the imbalance, took buy side liquidity and reacted from institutional big figure 1.94000. Now I expect bearish price action at least till 1.89000.
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#GBPAUD
Update
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPAUD. GBPAUD is at a strong resistance level and getting ready for a small Retesting. Here we can see drop upto 200Pips+. Then after completing this retesting we will again see a good bullish wave.
When Market will open we will update further...
At present, GBPAUD is undergoing a bearish trend, characterized by the formation of lower lows (LLs) and lower highs (LHs), and no divergence is observed. A precise entry has been initiated at the current market price, and the take profit (TP) has been calculated with a 2% risk management strategy.
Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBP/AUD 1H - Price has recently traded us up and into an area of Supply and has delivered us with a break of structure to the downside, this is great news as this tells us enough Supply has been introduced to flip the balance.
We now want to see price pullback up to come and correct itself, picking up any remaining supply that may be left over in this market...
According to EW theory, GBP AUD has completed the 3 correction waves and now in the continuation of its uptrend of D1 bullish PA to H4 support.
Let me know if theres any comments or suggestions!
Trade safe and good luck!
Looking at a new rejection that seems to have been struggling to break past 1.93100 I can confirm to say this seems like a bearish downtrend that is occurring. I will take my entry now at 1.93072 with all inputs for TP and SL below. Please use proper risk management as always.
GBPAUD Sell/Short
ENTRY: 1.93072
TAKE PROFIT:
TP 1: 1.89317
TP 2: 1.86379
SL:...
The pair is showing downward potential on daily chart. Further, we are negative stochastic, and we have a resistance that is reasonable near @ 1.9338. The highest level recently was above 1.9420.
Strategy SELL @ 1.9300-1.9345 and place SL above 1.9420. Profit level near 1.9137.
We saw a big push up (I'm guessing it was from UK inflation news) that stopped at a significant daily resistance and a psychological level of 1.9400. We entered a sell after LTF (H1) had a BOS letting us know some selling sentiment is at this level that could push the price back down.
Route for this week on this asset. You need to correct it before continuing to upload. Let's see what it brings us. We will consider the possibility of putting breakeven halfway through.
VANTAGE:GBPAUD
Expecting Price to target consolidation Low (the last Lower Low ) next.
Would like to see the Equal High taken and form there looking for a entry confirmation on 15MTF
United Kingdom Australia
GDP Growth -10 ...
Planning to initiate a trade on GBPAUD with a target at 1.93084 and a deadline set for January 25. Anticipating a correction, and this level is expected to serve as the correction point. Trades like this normally hit with in a day or two. I play very conservative so I can add positions.
All analysis are trickly based on price action movement from the DAILY and 4HR TF.
Detailed description of analysis can be found on the chart.
All input is greatly appreciated !
This is not professional advice
✅GBP_AUD is making a
Rebound from the horizontal
Key level of 1.9000 and as the
Pair is in the uptrend
I think that we will see
A further move up
LONG🚀
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The price is rising to our buy entry level, bullish momentum could continue to push the price to our take profit level.
Buy entry is at 1.93884 which is an resistance level.
Stop loss is at 1.91842 which is a level that sits above a pullback support.
Take profit is at 1.96856 which is an overlap resistance that aligns with the 161.8% Fibonacci extension...
